Safe, Boring, and Under-the-Radar Companies. Fieldsong's equity positions avoid high-fliers, fads, glamour stocks, and companies that everybody knows.
No Management Fee. Fieldsong believes that only outperformance should be rewarded
Offshore Feeder Fund. Our British Virgin Islands fund is a pipeline into the Delaware master fund; it offers offshore investors and IRAs advantages in tax efficiency, flexibility, and compliance.
Strong Performance. Yuval Taylor, Fieldsong’s portfolio manager, has amassed an exceptional performance record in his family portfolio, with an eight-year CAGR of 46% (2016–2023 inclusive).
Modest Hedging. We sell short stocks likely to collapse. We also use a futures-based currency hedge and a derivatives-based hedge that makes money when safe stocks underperform and risky stocks outperform.
Investing Approach
Algorithmic Methodology. Complex but dependable rules inform every decision. Discretionary stock-picking can too easily fall prey to irrationality.
Fundamentals-Based. Financial statements comprise the key data for the fund’s strategy.
Ranking-Based. Ranking allows one to simultaneously consider hundreds of factors pertinent to an investment s prospects.
Daily Rebalance/Reconstitution By trading daily, Fieldsong can enter and exit positions gradually, minimize small/microcap market impact, and react quickly to major price moves and earnings releases. (Note: this is not day trading positions are held for months.)
Sophisticated Portfolio Management. Transaction costs, portfolio weighting, diversification, leverage, hedging, and much more are all carefully calibrated.
Boutique Approach. Investments are capped at $80M and investors will be limited to a select group.
